{"id":1004168630,"date":"2017-03-08T04:04:24","date_gmt":"2017-03-08T12:04:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004168630"},"modified":"2022-12-08T16:42:42","modified_gmt":"2022-12-09T00:42:42","slug":"hff-arranges-350m-in-financing-for-high-profile-charlotte-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/","title":{"rendered":"HFF Arranges $350M in Financing for High-Profile Deal"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004168634\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004168634\" data-attachment-id=\"1004168634\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/ballantyne-corporate-park-boyle-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\" data-orig-size=\"622,467\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Ballantyne Corporate Park Boyle Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ballantyne Corporate Park Boyle Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg?w=622\" class=\"wp-image-1004168634 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\" alt=\"Ballantyne Corporate Park Boyle Building\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg 622w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004168634\" class=\"wp-caption-text\">Ballantyne Corporate Park, Boyle Building<\/p><\/div>\n<p><strong>Charlotte, N.C.<\/strong>\u2014Holliday Fenoglio Fowler\u2019s name will go down in history in North Carolina for having played a supporting role in what is being widely touted as the largest single real estate transaction in the state\u2014ever. HFF orchestrated a $350 million financing package on behalf of Northwood Investors, which recently <a href=\"https:\/\/www.commercialsearch.com\/news\/northwood-investors-nabs-charlottes-ballantyne-corporate-park\/\" target=\"_blank\" rel=\"noopener\">purchased a portfolio accounting for the greater part of the 535-acre Ballantyne Corporate Park<\/a> in Charlotte. According to an announcement from Northwood\u2019s legal advisor on the transaction, Simpson Thacher &amp; Bartlett LLP, Northwood paid The Bissell Cos. Inc. more than $1 billion for the mixed-use collection of assets.<\/p>\n<p>Northwood walked away with 35\u00a0office buildings totaling\u00a04.2 million square feet; four hotels encompassing an aggregate 588 guestrooms; 400,000 square feet of retail space; a golf course; and precious undeveloped land. \u201cAcquiring such a diverse portfolio with the breadth of Ballantyne Corporate Park is a generational opportunity, unprecedented in the state of North Carolina and one of the largest real estate trades ever in the Southeast,\u201d Travis Anderson, senior managing director with HFF, said in a prepared statement.<\/p>\n<p>The financing bundle HFF put together for Northwood consists of three separate loans. Two life companies provided a fixed-rate loan on a group of 13 office properties totaling 1.8 million square feet and featuring a tenant roster graced by the likes of MetLife, healthcare improvement company Premier Inc., which occupies square footage in the Boyd Building, and Wells Fargo, which inked a lease of the new 287,500-squre-foot Brigham Building in October 2016. HFF also secured two bank loans for two of the mixed-use campus\u2019s hotels, The Ballantyne\u2014a Luxury Collection Hotel Charlotte, and Aloft Charlotte Ballantyne. Northwood assumed existing debt on the park\u2019s remaining properties.<\/p>\n<p>\u201cBy having the ability to control the second largest sub-market outside of Charlotte&#8217;s CBD coupled with additional development potential, Northwood is extremely well positioned to improve upon the legacy of Ballantyne while delivering exceptional returns for its investors,\u201d Anderson said. Northwood won\u2019t have to go it alone in this endeavor, as a Bissell team will stay on to assist in the maintenance and further development of the park.<\/p>\n<p>The Northwood loan package isn\u2019t HFF\u2019s first big-ticket financing deal of the year. In February, the commercial real estate and capital markets services provider <a href=\"https:\/\/www.multihousingnews.com\/post\/lyon-living-wins-388m-refi-for-7-property-portfolio\/\" target=\"_blank\" rel=\"noopener\">landed $388.4 million in combined financing<\/a> for a 2,152-unit multifamily portfolio owned by Lyon Living.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ballantyne Corporate Park portfolio reportedly traded for more than $1 billion. <\/p>\n","protected":false},"author":969,"featured_media":1004168634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21808,21825,21751,21783,21742,21747],"tags":[34259,34260,32792,34258,34333],"class_list":["post-1004168630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-featured","category-finance","category-hotel","category-investment","category-latest","category-office","tag-ballantyne-corporate-park","tag-bissell","tag-hff","tag-northwood-investors","tag-simpson-thacher-bartlett"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HFF Arranges $350M in Financing for High-Profile Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Arranges $350M in Financing for High-Profile Deal\" \/>\n<meta property=\"og:description\" content=\"The Ballantyne Corporate Park portfolio reportedly traded for more than $1 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-08T12:04:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:42:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"622\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/\",\"name\":\"HFF Arranges $350M in Financing for High-Profile Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\",\"datePublished\":\"2017-03-08T12:04:24+00:00\",\"dateModified\":\"2022-12-09T00:42:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg\",\"width\":622,\"height\":467,\"caption\":\"Ballantyne Corporate Park Boyle Building\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HFF Arranges $350M in Financing for High-Profile Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HFF Arranges $350M in Financing for High-Profile Deal - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/","og_locale":"en_US","og_type":"article","og_title":"HFF Arranges $350M in Financing for High-Profile Deal","og_description":"The Ballantyne Corporate Park portfolio reportedly traded for more than $1 billion.","og_url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-03-08T12:04:24+00:00","article_modified_time":"2022-12-09T00:42:42+00:00","og_image":[{"width":622,"height":467,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/","url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/","name":"HFF Arranges $350M in Financing for High-Profile Deal - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg","datePublished":"2017-03-08T12:04:24+00:00","dateModified":"2022-12-09T00:42:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg","width":622,"height":467,"caption":"Ballantyne Corporate Park Boyle Building"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-350m-in-financing-for-high-profile-charlotte-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"HFF Arranges $350M in Financing for High-Profile Deal"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Ballantyne-Corporate-Park-Boyle-Building.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004168630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004168630"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004168630\/revisions"}],"predecessor-version":[{"id":1004595990,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004168630\/revisions\/1004595990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004168634"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004168630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004168630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004168630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}